Securities Authorized for Issuance under Equity Compensation Plans

3 Months Ended

Mar. 31, 2014

Securities Authorized for Issuance under Equity Compensation Plans [Abstract]

SECURITIES AUTHORIZED FOR ISSUANCE UNDER EQUITY COMPENSATION PLANS

12.  SECURITIES AUTHORIZED FOR ISSUANCE UNDER EQUITY COMPENSATION PLANS

During the three months ended March 31, 2014, stock options to purchase an aggregate of 145,000 shares were exercised.  Following the withholding of an aggregate of 14,633 shares in connection with the net exercise feature of the stock options, the Company delivered an aggregate of 130,367 shares to the option holders who exercised their options.  

Stock compensation expense attributable to stock options was $0 and approximately $5,000 for the three months ended March 31, 2014 and 2013, respectively. There were no stock awards issued during the three months ended March 31, 2014 and 2013.

At March 31, 2014, there was no unrecognized compensation expense related to stockoptions .  

The following table provides information at March 31, 2014 regarding outstandingstock options under the Company’s stock option plans. As used in the table below, “2002 NQ” refers to the Company’s 2002 Non-Qualified Stock Option Plan and “2008 NQ” refers to the Company’s 2008 Non-Qualified Stock Option Plan.

Plan	Date Granted	Options Outstanding		Exercisable Options	Exercise Price		Expiration Date	Weighted Average Remaining Life
2002NQ	4/03/06		40,000	40,000	$	1.08	4/02/16	2.0
2002NQ	12/17/07		40,000	40,000	$	1.32	12/16/17	3.8
2008NQ	1/11/09		40,000	40,000	$	0.69	1/10/19	4.9
2008NQ	4/26/10		20,000	20,000	$	2.07	4/25/20	6.2
			140,000	140,000	$	1.18		3.9